2020-08-31-accounts - King's Church,high Wycombe

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Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	6
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement		10
Notes to the Financial Statements	11	to	18

			Unrestricted	Restricted	Total
			funds	funds	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies			2,759,079	95,594	2,854,673
Other trading activities			10,488		10,488
Investment income			1 733		1,736
Total			2,771,300	95,597	2,866,897
EXPENDITURE ON
Charitable activities
Outreach and youth work			94,046		94,046
Pastoral and church activities			670,513	43,508	714,021
Overseas missions			57,808		57,808
Social action			27,620		27,620
Total			849,987	43,508	893,495
NET INCOME			1,921,313	52,089	1,973,402
TOTAL FUNDS CARRIED FORWARD			1,921,313	52,089	1,973,402

		Unrestricted	Restricted	Total
		funds	funds	funds
	Notes	F	E
FIXEDASSETS
Tangible assets		1,480,708		1,480,708
CURRENT ASSETS
Debtors Investments	12 13	20,299 85,«8		20,299 85,118
Cash at bank		388,774	52,451	441,225
		494,191	52,451	546,642
CREDITORS
Amounts falling due within one year	14	(53,586)	(362)	(53,948)
NET CURRENT ASSETS		440 605	52 089	492,694
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,921,313	52,089	1,973,402
NET ASSETS		1 921,313	52089	1 973,402
FUNDS	16
Unrestricted funds				1,921,313
Restricted funds				52,089
TOTALFUNDS				1 973402

			Notes
Cash flows from	operating	activities
Cash generated from operations				62473
Net cash provided	by operating activities			62473
Cash flows from	investing	activities
Purchase oftangible fixed assets				(19,462)
Interest received				1 736
Net cash (used in)/provided		by investing	activities	~17726)
Cash flows from	financing	activities
Cash transferred in on merger Net Assets from prior enitiy				412,623 ~16145
Net cash provided	by financing activities			396,478
Change in cash	and cash	equivalents
in the reporting	period			441,225
Cash and cash equivalents		at the
beginning ofthe	reporting	period
Cash and cash equivalents		at the end
ofthe reporting	period			441,225

RECONCIUATION	OF NET	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
			F
Net Income for the	reporting	period (as per the Statement of
Financial Activities)			1,973,402
Adjustments for:
Depreciation charges			61,705
Interest received			(1,736)
Movement ofcurrent	asset investments		(85,118)
Funds from The Kings Church		High Wycombe	(1,919,429)
Increase in debtors			(20,299)
Increase in creditors			53848
Net cash provided	by operations		82473

DONATIONS AND LEGACIES
Gifts		97,653
Donations		124,618
Gift aided donations		712,973
Transfer from The King's Church	High Wycombe	1919429
		2,854,673

Letting						10,488
INVESTMENT INCOME
						E
Interest receivable						1,736
CHARITABLE ACTIVITIES COSTS
			Grant
			funding	of
			activities		Support
		Direct	(see note		costs (see
Outreach	and youth work	Costs F 48,595	6)	: 45,451		note 7)
Pastoral	and church activities	534,771	6,169		173,081	714,021
Overseas	missions	5,308	52,500			57,808
Social action		27 62D				27,620
		616.294	104,120		173D81	893495
GRANTS PAYABLE
Outreach	and youth work					45,451
Pastoral	and church activities					6,169
Overseas	missions					52,500
						104,120

GRANTS PAYABLE - continued	GRANTS PAYABLE - continued
The total grants	paid to institutions	during the year was as follows:
Wycombe Youth	for Christ		3,600
Christians Against Poverty			9,000
SirWilliam Ramsay School			500
Wycliffe			10,800
Frontiers			4,800
Youth Newday			10,000
Evangelical Alliance			650
Other			53
Love Wycombe			1,000
Nepal			24,821
One Can Trust			2,250
Central Aid			200
24/7 International			200
Catalyst COVID	relief		5,000
WYHOC			5721
			78,585

12.	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
							F
	Trade debtors						921
	Tax						11,314
	Prepayments and accrued		income				8084
							20,299
13.	CURRENT ASSET INVESTIIENTS
							F
	Short term cash deposits						85118
14.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
	Trade creditors						19,321
	Social security and other	taxes					9,395
	Other creditors						360
	Accruals and deferred income						24,872
							53,948
15.	LEASING AGREEMENTS
	Minimum lease payments		under nonwancellable	operating	leases fall due as follows:
	Within one year						19,768
	Between one and five years						11,532
							31,300
	Amounts charged to the	Statement of Financial Activities			in repect ofoperating	leases is	as follows:
							F
	Operating leases						12,284

unincorpora	ted charity The King's Church High Wycom	be, charity number 277970.
Unrestricted	funds
		f
General		417,706
King's Centre		1,419,500
Azalea		29,884
Vision		9999
		1,877,079
Restricted	funds
Assistance		16,264
Nepal fund		23,934
HW Debt Relief		2 152
		42,350
TOTAL FUNDS		1 919.429